The Canadian housing market in January 2025 saw a 3.3% decline in home sales due to uncertainty over potential trade tensions with the U.S. However, there was a significant 11% increase in new listings, creating more supply, which is unusual for the winter season. While prices fell in British Columbia and Ontario, areas like Quebec and the Prairies saw price increases. The market is currently balanced, with 4.2 months of inventory, and the Bank of Canada cut interest rates by 25 basis points to 3%, which could create an opportunity for buyers. Lower prices combined with declining interest rates may provide favorable conditions for those looking to purchase homes